NYSE and Blockchain.com Working Together To List Tokenized Stocks

According to reporting by Bitcoin Magazine, the New York Stock Exchange and crypto exchange Blockchain.com have signed a memorandum of understanding to debut tokenized stocks. Pending approval, Blockchain.com users would be able to trade tokenized U.S.-listed stocks and exchange-traded funds on the planned digital alternative trading system of the NYSE.

Peter Smith, Blockchain.com’s executive chairman and CEO, stated that connecting to the system will enable the platform to extend digital asset investment opportunities to tens of millions of users globally. NYSE Group President Lynn Martin stated that the future of capital markets belongs to institutions uniting traditional finance trust with digital asset accessibility.

The development aligns with a broader trend of Wall Street increasing its focus on Bitcoin and related infrastructure to tokenize assets such as stocks. The U.S. Securities and Exchange Commission recently approved tokenized stocks trading. In January, the NYSE announced plans for a platform allowing traders to buy and sell tokenized versions of U.S.-listed equities and ETFs with 24/7 blockchain settlement.